Section GB 22 — Income Tax Act 2007: Arrangements involving trust beneficiary income

GB 22 Arrangements involving trust beneficiary income When this section applies (1) This section applies when— (a) an arrangement involves a trustee transferring property, or providing services or other benefits, to a person other than a beneficiary of the trust; and (b) the arrangement has the effect of defeating the intent and application of sections HC 17 to HC 23 (which relate to the income of beneficiaries) in relation to the beneficiary; and (c) the trust is not a Maori authority. Application of sections HC 17 to HC 23 (2) The beneficiary is treated, for the purposes of sections HC 17 to HC 23 , as receiving the property or enjoying the services or benefits. Defined in this Act: arrangement , Maori authority , trustee , Compare: 2004 No 35 s GC 14